Key Points
The unemployment rate rose by 0.1pp to 4.2% in September.
- The small increase was related to rising labor force participation which reached the highest rate seen since May.
- The number of unemployed workers citing permanent job loss or having left a job fell, but this was more than offset by an increase in unemployment reported by new entrants and re-entrants to the labor force.
Change in Unemployment by Reason, Seasonally Adjusted
The monthly FHFA purchase-only index grew by 2.6% year-over-year in July – the largest increase since August 2025.
FHFA Purchase Index, Seasonally Adjusted
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